Impecuniosity
/ɪmˌpɛkjʊˈnɪɒsɪti/
Definitions
- (n.) The state of having little or no money, often relevant in legal contexts involving insolvency or inability to pay debts.
The impecuniosity of the debtor was considered by the court when deciding on the repayment plan.
Related terms
See also
Commentary
Typically used to describe a party's financial condition impacting legal obligations; important in determining relief or exemptions in debt-related proceedings.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.